Hi, David Brancaccio here. This week on Marketplace Morning Report, I was asked to share a personal

story. My wife and I worked on a plan to move back to California with two of our offspring living in the

Golden State. In November, we made that dream a reality when we purchased a cozy bungalow in the city of Altadena.

Just a few weeks later, our home, along with so many thousands of others, is in ruins, total loss.

This week, we return to survey what little the wildfire left and to start planning what might be next for us.

I'm learning a lot, and some of it may be useful to others rebuilding after disaster,

from cleaning up the mess to navigating insurance, mortgages, taxes, to securing contractors,

and more. Listen to Marketplace Morning Report wherever you get your podcasts.

New tariffs on America's three biggest trading partners are now about 16 hours away.

I'm David Brancaccio in Los Angeles.

New import taxes on Canada, Mexico, and China are set for midnight, although President Trump does plan conversations with Mexico's and Canada's leaders today. Canada and Mexico get 25 percent. Oil and gas from Canada get a lower

tariff, a jump of 10 percent, and there will be an extra 10 percent on Chinese imports. Marketplaces

Nancy Marshall-Gensar has more. All these new tariffs could cause pain for the consumer.

Even President Trump acknowledged that last night speaking to reporters on the tarmac as he returned to Washington from Florida.

We may have short-term some little pain, and people understand that.

The Tax Policy Center has quantified that pain.

It says consumers after-tax incomes would take a hit of $930 on average next year.

Prices for things like cars, electronics, fruits, vegetables, and meat are expected to rise.

Oxford economics says the tariffs will cause the unemployment rate to rise as high as 4.5% and temporarily

push inflation up over 3%. The tariffs will increase the cost of building materials, just as California,

North Carolina, Georgia, and Florida are trying to rebuild after hurricanes and wildfires.

The National Association of Home Builders says more than 70% of

...